Cap HPI’s head of valuations has said that the continued growth in used car values is “not sustainable in the long-term” - but may continue into 2021.
Dealers are advertising brand-new 70-plate cars at used car prices in order to hit their registrations targets, finds online car supermarket BuyaCar.
The flagship Kia Sorento SUV topped the ranking in Auto Trader’s fastest selling used car rankings as vehicles which defy Government’s “rule of six” COVID-19 rules made a strong showing this week.
Almost a quarter of used car retailers have turned to Government-backed COVID-19 recovery loans or overdrafts to fund their forecourt stock since lockdown, NextGear Capital has found.
Santander Consumer Finance claims that it will “reduce margin costs and maximise sales” for car retailers with the launch of its new Your Red Car online marketing platform early next year.
Consumer research released from CarGuide has revealed that Covid-19 has stopped almost a third of UK drivers (32%) from changing their car in 2020.
A Trade Centre Group radio advert said to have placed PCP finance terms at the start in an effort for added prominence has been banned by the Advertising Standards Authority (ASA).
Motor Depot is on target to offset over 50,000 tonnes of CO2 in the first year of a new carbon offset scheme.
BCA has reported that “exceptionally strong interest” in LCVs saw vehicles selling for an average of 13% over guide value expectations during August.
The Independent Motor Dealers Association (IMDA) has started the search for a head of membership services as it looks to grow its car retailer membership in its third year of operations.
Auto Trader has reported a 19th straight week of used car price rises with a 7.4% mid-September increase in the average advertised value on a vehicle offered on its online marketing platform.
Progress Suzuki’s former franchised dealership sites have been acquired and re-opened by bespoke luxury vehicle specialist Urban Automotive and a used car operator.
Vehicles from Arnold Clark, Bristol Street Motors, CarShop, Cazoo Part Exchange, John Clark Motor Group and Sinclair Group will be among those featured in a new Saturday online sales programme from BCA.
Britain’s car parc is older than ever before, despite the boom in electric vehicles (EV) and hybrids, according to data compiled by Retro Motor.
Auto Trader and price comparison website CompareTheMarket have launched a Quick Quote service offering car buyers rapid access to insurance for their new car purchase.
Motorpoint has said that its logistics staff have driven 86,000 miles to facilitate used car home deliveries since it launched the service during COVID-19 lockdown.
Sales in the used car retail sector showed signs of “cooling off” according to a market report which revealed declining in activity during August – with retail sales down 3.3% year-on-year.
BCA used car auctions delivered average sales entries of over 6,000 vehicles in August as average sold values continued to decline amid “stable market conditions”.
Manheim has confirmed that its auction sites will re-open for COVID-secure used car viewings from Monday (September 14).
Online car marketplace heycar has partnered with Regit and will provide the site with new and used car listings exclusively.
